Tucson Mortgage Rates, Fees & Info
TUCSON, AZLEI: 549300YJD6GFEQBIEF90
Tax ID: 86-0098798
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Mortgage Data
Review & Overview
Tucson is a smaller mortgage company specializing in Home Improvement and Refi loans. Tucson has a high proportion of conventional loans. Their top two markets are Tucson and Phoenix .Tucson has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
178Origination Dollar Volume (All Markets)
$9,280,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| TUCSON, AZ (FHA|USDA|VA) | 173 | $8,985,000 | $51,936 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 178 | $9,280,000 | $52,135 | $0 | 0.00% |
For 2018, Tucson's most frequently originated type of loan was Conventional, with 178 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 106 | $4,060,000 | $38,302 | $0 | 0.00% |
| Refi | 72 | $5,220,000 | $72,500 | $0 | 0.00% |
For 2018, Tucson's most frequently cited loan purpose was Home Improvement, with 106 originations. The 2nd most popular reason was Refi, with 72 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 178 | $9,280,000 | $52,135 | $0 | 0.00% |
For 2018, Tucson's most frequently cited loan duration was Other, with 178 originations.
Loan Sizing
2018 saw Tucson place emphasis on $100,000 or less loans with 165 originations, totaling $7,225,000 in origination value.
Applicant Income
Tucson lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 43 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 178 | $9,280,000 | $52,135 | $0 | 0.00% |
Tucson lent most frequently to those with DTI ratios of Exempt%, with 178 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.59%
Tucson has an average approval rate.
Pick Rate
Approvals leading to origination93.26%
Tucson has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 178 | $9,280,000 | $52,135 |